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deposit rates

Competition heats up in the one-year space

Friday, 17 December 2010

TSB lifted its one-year deposit rate by 10 basis points last week and its offer of 5.35% for a minimum deposit of $10,000 is the best offered by a bank in New Zealand. Kiwibank is at 5.30% and ASB is also offering 5.30% for this term.

The above graph shows how these three banks have tracked over the past 12-months.

 

 

 

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Today's Best Bank Rates
Rabobank 5.25
Based on a $50,000 deposit    More Rates »
Today's Top 5 Deposit Rates
InstitutionRateProduct
Rabobank 5.25 Rabobank PremiumSaver - max rate
Squirrel 5.00 On-Call accounts
Co-operative Bank 4.75 Step Saver - current bonus and standard rate
Heartland Bank 4.60 Heartland Direct Call
Heartland Bank 4.60 Heartland Business Call
Based on a $50,000 deposit    More Rates »
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ANZ 2.75 - -
ASB Bank 2.90 - -
ASB Bank 2.90 - -
ASB Bank 2.90 - -
ASB Bank 2.90 - -
ASB Bank 2.90 - -
BNZ - - -
Heartland Bank 4.60 - -
Kiwibank - - -
Kiwibank 4.50 - -
Nelson Building Society - - -
SBS Bank - - -
TSB Bank 3.35 3.35 3.63
Westpac 4.50 - -
Westpac 1.00 - -
Westpac 3.50 - -

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